According to Lucintel's latest report, technologies in the global robotics prosthetic market have undergone significant changes in recent years, with robotic prosthetic devices evolving from traditional prosthetics to mind controlled prosthetic technologies. The robotics prosthetic market is expected to grow with a CAGR of 8.2%. In this market, myoelectric prosthetic is the highest growing segment by technology. The acceptance of mind-controlled prosthetic solutions and increasing usage of myoelectric robotic prosthetics provides strategic growth path in this market.
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Based on technology, robotics prosthetic market is segmented into microprocessor controlled prosthetics, myoelectric prosthetics, body-powered prosthetics, and hybrid prosthetics. The myoelectric prosthetics segment and is expected to register the highest CAGR during the forecast period in terms of cost, myoelectric prosthetic technology is having higher cost than other prosthetic technologies.
The robotics prosthetic market is marked by the presence of several big and small providers. Some of the prominent providers offering robotics prosthetic include Ottobock, Össur, Blatchford Group, SynTouch, Inc., Mobius Bionics and others.
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